Form 4: New Enterprise Associates 13 LP Sells BuzzFeed Shares

New Enterprise Associates 13 LP, along with related entities and individuals, sold shares of BuzzFeed, Inc. on March 7 and March 11, 2025.

Summary

• New Enterprise Associates 13 LP (NEA 13) sold shares of BuzzFeed, Inc. (BZFD) on two dates in March 2025.
• On March 7, 2025, NEA 13 sold 33,848 shares of Class A Common Stock at a weighted average price of $2.0563 per share.
• On March 11, 2025, NEA 13 sold 13,629 shares of Class A Common Stock at a weighted average price of $1.9532 per share.
• The sales were executed in multiple transactions at varying prices within the ranges of $2.01 to $2.078 and $1.94 to $1.98, respectively.
• Following these transactions, NEA 13 directly holds 3,764,465 shares of Class A Common Stock.
• The filing also identifies NEA Partners 13, L.P., NEA 13 GP, LTD, and individual directors Forest Baskett, Patrick J. Kerins, and Scott D. Sandell as indirect reporting persons, who disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. It reflects a major shareholder reducing their position, which could be interpreted as a lack of confidence in the company's future prospects, but it could also be part of a planned diversification strategy.

Industry Context

This filing indicates activity by a major shareholder, which is common in the lifecycle of publicly traded companies, especially those that have recently gone public or are experiencing significant market volatility. Monitoring such transactions can provide insights into investor sentiment and potential future stock performance.

Stakeholder Impact

• The sale of shares by a major shareholder like NEA 13 could potentially impact shareholder confidence and the stock price of BuzzFeed.
• Employees may experience uncertainty if the stock price is negatively affected.

Key Dates